Cement News tagged under: international
Cemtech Conference opens in Istanbul28 September 2004, Published under Cement NewsCemtech Istanbul Conference Over 350 delegates are currently attending the annual Cemtech Conference at the Swissotel The Bosphorus Conference in Istanbul , Turkey. Organised by International Cement Review, with good support from the Turkish Cement Manufacturers Associaition, the meeting got underway on Monday 27 th September with keynote address from Adnan Ignibekcili, Chairman of the Turkish Cement Manufacturers Association and Atalay Sahinoglu, Chairman of Nuh Ci... |
Boral drops AdBri bid28 September 2004, Published under Cement NewsBoral drops bid for Adelaide Brighton Boral has thrown in the towel and is giving up trying to fight the Australian Competition and Consumer Commission in the Federal Court for having blocked its efforts. The board of Adelaide Brighton claims that, since last December when the initial 19.9% stake was acquired from RMC, the likely cost of the acquisition of Adelaide Brighton has risen, while the likely divestments required would be too great to achieve the synergy benefits required to... |
Fitch ratings on Cemex deal28 September 2004, Published under Cement NewsFitch ratings discusses Cemex deal Fitch Ratings, New York has placed the ’BBB’ senior unsecured foreign currency and local currency ratings on Cemex and of its wholly owned subsidiary Cemex Espana on Watch Negative following the announcement that the company intends to purchase RMC, a producer of ready-mix concrete, aggregates, and cement, based in the UK and with operations in 26 countries, primarily in Western and Eastern Europe and in the US. RMC is the world’s l... |
Holcim launch in Bangladesh28 September 2004, Published under Cement NewsHolcim launches new cement for plastering Holcim Bangladesh Ltd has launched low-cost cement exclusively for plastering and bricklaying works. The country’s first-ever low-cost masonry cement - Holcim Easy Wall - was formally launched by President of Supreme Court Bar Association Barrister Rokanuddin Mahmud, also a Holcim Bangladesh director, on Sunday in Dhaka. Speaking at launching ceremony Managing Director of Holcim Bangladesh Ramit Budhraja said the new masonry cement is manufactur... |
Rates show some further gains28 September 2004, Published under Cement NewsRates show some further gains The shortening list of Panamax ships available in the Atlantic resulted in an accelerating rise in freight rates through the week, which ended on a rather strong note. After nearly one month of a market that positively lacked direction, Handy/Handymax rates peaked up during the last five trading days benefiting from a stronger demand in both basins and the prospect of a re-start of grain exports from the US Gulf after the hurricane "Ivan" could ev... |
Mary Nour case set for mid-October28 September 2004, Published under Cement NewsCDM is attracted by Mexican market With the case against CDM set to come before the courts on the 14 th October, both sides continue to push their respective cases to the media, with CDM adamant that it has set up in order to make a long-term business venture within the domestic cement sector. “We are not here to play the hero – we come to make business” said Ricardo Camacho of CDM, the company that for two months has fought for the liberation of the 27,000t of ceme... |
TXI Reports First Quarter Results; Steel Profits Continue at Record Levels24 September 2004, Published under Cement NewsTexas Industries, Inc. today reported net income of $35.9m ($1.51 per share) for the quarter ended August 31, 2004. The same quarter last year showed a loss of $15.7 million ($.74 per share). "Steel margins have recovered to levels consistent with acceptable returns while cement margins continue to expand at a steady pace," stated Mel Brekhus, President and Chief Executive Officer. "Current market and industry conditions support the continuation of strong financial results." Steel op... |
Local cement crisis worsens24 September 2004, Published under Cement NewsAccording to Teshreen newspaper, OMRAN Cement Company, a state-owned company affiliated to the Ministry of Economy and in charge of the import and export of building materials, supplies 15,000 tons of black cement to the local markets on daily basis, which is the enterprise’s full actual production capacity. Nevertheless, the local cement consumption exceeds 24,000 tons per day. Thus, there is a big gap between the actual production and consumption estimated at 9,000 tons per day. Though Omr... |
Brazil: Camargo Correa Cimentos goes public24 September 2004, Published under Cement NewsThe Brazilian cement manufacturer Camargo Correa Cimentos - fourth largest of Brazil - is to expand activities through the capital market. The company is to go public through a debentures issuance - the resources would be used to support its expansion program. Camargo Correa Cimentos turned over R$936.6m in 2003 - 12% of Grupo Camargo Correa gross earning, of R$7.4bil. The company, owner of Caue brand, holds 8.5% of the Brazilian Portland cement market and is the main manufacturer of white c... |
Morocco Holcim H1 net down 2.5 pct on special tax24 September 2004, Published under Cement NewsThe Moroccan unit of Swiss cement giant Holcim saw its first-half net profit slide 2.5 per cent to 174 million dirhams (US$19.45m) due to the impact of a special tax on cement sales. The Moroccan operation is the third largest cement firm in the country. Turnover rose 2.9 per cent to 714.9m dirhams but sales volume increased 10 per cent in the first half, the company said in a statement. Cement firms and the Moroccan government agreed last year to double to 100 dirhams per tonne... |